AmpliTech Bags Follow-On Order For Low Noise Amplifier Technology

June 24, 2021 2:05 PM | 1 min read | Make a Comment

AmpliTech Group Inc AMPG procured a follow-on order for its low noise amplifier (LNA) technology from a Fortune 500 global defense and aerospace customer.
The financial terms of the contract remain undisclosed.
The products are likely to ship in Q3 of 2021.
AmpliTech bagged a ~$120,000 trial order for its ultra-low noise amplifiers from a significant Fortune 200 Defense contractor in April.
In March, AmpliTech won over $500,000 of orders from a significant Fortune 100 defense contractor and a primary satellite and cable TV broadcaster.
The company raised $23 million from a secondary share sale in April.
Price action: AMPG shares traded lower by 2.56% at $4.77 on the last check Thursday.

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